Loton Adds Jason Port to its Advisory Board

LOS ANGELES--(BUSINESS WIRE)--

Loton, Corp. (OTC Pink: LTNR) announced that digital media and consumer products executive Jason Port has joined Loton, Corp. as head of its Advisory Board.

Jason Port has been an early stage investor, business executive with over 15 years of managerial experience in Technology, Media and Entertainment as well consumer product venture investments.

Mr. Port is highly proficient at identifying, developing, and executing exemplary business models.

As an early employee at Sportsline.com, he helped to rapidly grow the company before it was acquired by CBS in 2004. Mr. Port is the founding investor at Quirky.com, where he now serves as a strategic board member, as well as an early investor & advisor in several other ventures including Normal Ears, Lowercase Ventures, Uber, Twitter, Kidozen, NumberFire, JumpForward, LittleBits, and mParticle.

Mr. Port serves on the board of NFTE, the Heather on Earth Music Therapy Foundation, the advisory board of Miami Country Day School, and is an active member of TED since 2008. Mr. Port is known for his exceptional interpersonal skills that build long-term relationships with the executives with whom he works.

"We are excited to add Jason to head our advisory board. His technology, media, and entertainment expertise and his experience building companies will greatly enhance our company," commented Robert Ellin, Executive Chairman and President of Loton, Corp.

About Loton, Corp.

In April, 2014, Loton, Corp. acquired a fifty percent interest in KOKO, a premier multimedia and lifestyle brand and one of London's iconic live music venues. KOKO is internationally renowned for delivering over 250 live music events per annum for the past ten years. Loton is backed by Trinad Capital, a micro-cap and small-cap activist hedge fund based in Los Angeles, California. The fund is led by Robert Ellin, a seasoned portfolio manager with 25 years of investment experience. Mr. Ellin spearheaded investments in several publicly traded companies including ThQ, Grand Toys, Forward Industries (FORD), Majesco Entertainment (COOL), Command Security (MOC), Mandalay Digital Group (MNDL), iVillage (IVIL), Points International (PCOM), as well as private companies including iWon.com and SS industries.

Forward Looking Statement

Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.